Risk Matrix.doc

The document is a Risk Matrix detailing a comprehensive risk assessment methodology using a severity and probability grid. The matrix categorizes risks across four severity levels (Catastrophic, Critical, Moderate, Negligible) and five probability levels (Frequent, Likely, Occasional, Seldom, Unlikely), creating a 20-cell grid that helps organizations evaluate and prioritize potential risks.

The severity descriptions range from potential death or permanent disability to first aid or minor medical treatment, while probability levels describe the frequency of occurrence from very often to remotely possible. The matrix provides a structured approach to risk evaluation, allowing users to plot specific risks and determine their potential impact and likelihood, which can be used for strategic risk management and mitigation planning across various organizational contexts.